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Monday 4/13 Insider Buying Report: EVEP, JRO

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At EV Energy Partners LP ( EVEP ), a filing with the SEC revealed that on Thursday, John B. Walker bought 300,000 shares of EVEP, for a cost of $14.25 each, for a total investment of $4.28M. Walker was up about 2.4% on the buy at the high point of today's trading session, with EVEP trading as high as $14.59 at last check today. EV Energy Partners LP is trading up about 2% on the day Monday. Before this latest buy, Walker purchased EVEP at 3 other times during the past year, for a total cost of $3.76M at an average of $24.55 per share.

And at Nuveen Floating Rate Income Opportunity Fund ( JRO ), there was insider buying on Wednesday, by William J. Schneider who purchased 17,000 shares at a cost of $11.76 each, for a total investment of $199,925. Nuveen Floating Rate Income Opportunity Fund is trading down about 0.1% on the day Monday. Bargain hunters have the opportunity to snag JRO at a price even lower than Schneider did, with the stock trading as low as $11.61 at last check today which is 1.3% under Schneider's purchase price.

VIDEO: Monday 4/13 Insider Buying Report: EVEP, JRO

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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